Are You Eligible To Receive A Federal Student Aid?

by: TopGovernmentGrants Editorial Staff

Every college student knows how expensive a college education can get. Most college students opt to go for private student loans with very high interest rates. In most instances, this happens because most students are unaware of the federal student aids that are offered by the federal government.

The United States Department of Education has been successfully running the Federal Student Aid program for several years now. In that period of time, the program has become America's largest source of financial student aid with over $150 billion in grants, work-study programs, and federal loans for students attending four-year colleges or universities, community colleges, and career schools.

The Department of Education offers several types of educational financial assistance such as grants, federal loans, and work-study programs. It is very much essential for student to determine which type of assistance will best suit his/her financial needs.

Most college students, however, are hesitant to procure federal student aid because they are not familiar with the program's eligibility requirements.

The eligibility for most federal student aid is usually based on financial need and several other factors that need to be taken into consideration. That said, some of the most fundamental eligibility requirements to receive a federal student aid are the following:

  (continued...)

Are You Eligible To Receive A Federal Student Aid?
  Page 2

About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.

Additional Resources

category - Education Grants

Types of Financial Assistance From The Department of Education
The US Department of Education was initially created to encourage the promotion of student achievement and their preparation for global competitiveness by way of fostering academic excellence and ensuring equal access to quality education.

---

Financing Your Education - Federal Perkins Loans
The Federal Perkins Loan Program helps those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance with a low interest loan. The loan is in place to help them meet their educational expenses to the completion of a postsecondary degree.

---

Pell Grants - Help with Financing Your Education
The Federal Pell Grant Program is overseen by the Department of Education and falls under the Federal Student Aid Information Center. In order to be eligible students must be enrolled in eligible schools that may be public or private nonprofit institutions of higher education.

---

USAID University Engagement through Higher Education Institution Program
The United States Agency for International Development has recently constituted the USAID University Engagement through Higher Education Institution Program wherein it seeks to hone the knowledge, research skills, and creativity of higher education campuses.

---